How to Avoid a Surprise Tax Bill as a Small Business Owner
The Profit Pillars Show by Evolved Finance
Release Date: 11/12/2025
The Profit Pillars Show by Evolved Finance
Should your business accountant be a CPA, or is an Enrolled Agent (EA) a better fit for your small business taxes? In this episode of The Profit Pillars Show, we’re breaking down the real differences between these accounting designations so you can choose the right professional for your business. In this episode, Parker Stevenson (CEO of Evolved Finance and author of Profit Pillars) covers: Why not every great tax professional is a CPA and what the CPA designation really means. The key differences between a CPA, Enrolled Agent (EA), tax attorney, and PTIN holder. How to choose the best...
info_outlineThe Profit Pillars Show by Evolved Finance
No business owner wants to be surprised by a big tax bill at the end of the year. In this episode of The Profit Pillars Show, we’re breaking down how to plan ahead, save strategically, and work with your accountant to avoid tax season stress. Parker Stevenson, CEO of Evolved Finance and author of Profit Pillars, explains why quarterly estimated tax payments are the key to staying ahead, how accurate monthly bookkeeping gives you the clarity to forecast taxes with confidence, and why separating your tax savings from your regular business savings helps protect your cash flow all year long. If...
info_outlineThe Profit Pillars Show by Evolved Finance
Understanding quarterly tax estimates is one of the biggest challenges small business owners face. In this episode of The Profit Pillars Show, Parker Stevenson (CEO of Evolved Finance and author of Profit Pillars) explains exactly how quarterly taxes work, how accountants calculate them, and what you can do to avoid IRS penalties while protecting your cash flow. Parker walks through why taxes feel so different once you start running your own business, how the IRS safe harbor rule keeps you compliant, and why overpaying your estimates can actually hurt your bottom line. He also shares what to...
info_outlineThe Profit Pillars Show by Evolved Finance
Bookkeeping mistakes cost small business owners time, money, and peace of mind, but they’re easy to avoid once you know what to watch out for. In this episode of The Profit Pillars Show, Parker Stevenson (CEO of Evolved Finance and author of Profit Pillars) reveals the most common mistakes small business owners make when working with a bookkeeper and how to avoid them. From relying too much on bookkeeping software to paying for unnecessary weekly updates, Parker explains how these missteps waste money, create stress, and leave you with unreliable numbers. You’ll learn why cash-based...
info_outlineThe Profit Pillars Show by Evolved Finance
Virtual accounting firms have become increasingly popular, offering convenience and tech-enabled solutions for business owners. But are they always trustworthy? In this episode of The Profit Pillars Show, Parker Stevenson (CEO of Evolved Finance and author of Profit Pillars) explains what to watch for before handing your books over to a remote provider. You’ll hear the story of a well-known tech-backed firm that collapsed, leaving clients with incomplete records, and learn why the real issue isn’t whether a firm is virtual, but how it’s structured. Parker breaks down five major red...
info_outlineThe Profit Pillars Show by Evolved Finance
Think bookkeeping is just about tracking expenses? In this episode of The Profit Pillars Show, Parker Stevenson (CEO of Evolved Finance and author of Profit Pillars) explains exactly what a professional bookkeeper should be doing each month for your online business. You’ll learn why categorizing transactions requires nuance, why reconciliations are non-negotiable, and which adjustments most bookkeepers miss (like payroll, merchant fees, and refunds). Parker also breaks down what your bookkeeper shouldn’t be doing and how to know if your current setup is giving you the clarity you need. If...
info_outlineThe Profit Pillars Show by Evolved Finance
Aiming for the right profit margin is one of the biggest questions online service-based business owners face. In this episode of The Profit Pillars Show, Parker Stevenson (CEO of Evolved Finance and author of Profit Pillars) breaks down what healthy margins really look like for these types of businesses, how they shift as your business grows, and why tracking them consistently matters. Discover how team costs shape profitability, the role bookkeeping plays in smart decision-making, and what makes service businesses stable and sustainable over the long run. If you’ve ever wondered whether...
info_outlineThe Profit Pillars Show by Evolved Finance
Are you making enough profit in your online business or just spinning your wheels chasing revenue? In this episode of The Profit Pillars Show, we’re breaking down what a healthy profit margin looks like specifically for digital creators and online businesses, and why this number tells you far more about the health of your business than revenue alone. In this episode, Parker Stevenson (CEO of Evolved Finance and author of Profit Pillars) explains what defines a digital creator or online business and why that matters for your margins. He also shares the profit margin benchmarks we recommend...
info_outlineThe Profit Pillars Show by Evolved Finance
A financial forecast isn’t just a spreadsheet, it’s a strategic plan that helps you see where your business is headed and make decisions with confidence. In this episode of The Profit Pillars Show, Parker Stevenson (CEO of Evolved Finance and author of Profit Pillars) breaks down how coaching business owners can create a realistic and useful forecast, even if numbers aren’t your favorite part of running your business. You’ll learn why forecasting matters, how to approach it without overcomplicating things, and how it can guide everything from your spending to your growth goals. 0:00...
info_outlineThe Profit Pillars Show by Evolved Finance
Hiring a bookkeeper isn’t just about data entry, it’s about having a financial partner who helps you stay organized, informed, and ready to make confident business decisions. In this episode of The Profit Pillars Show, Parker Stevenson (CEO of Evolved Finance and author of Profit Pillars) explains exactly what to look for when choosing a bookkeeper for your business. You’ll learn the key services they should provide, the red flags to watch out for, and how the right bookkeeper can work hand-in-hand with your tax accountant to set your business up for success. If you’re wondering when...
info_outlineNo business owner wants to be surprised by a big tax bill at the end of the year. In this episode of The Profit Pillars Show, we’re breaking down how to plan ahead, save strategically, and work with your accountant to avoid tax season stress. Parker Stevenson, CEO of Evolved Finance and author of Profit Pillars, explains why quarterly estimated tax payments are the key to staying ahead, how accurate monthly bookkeeping gives you the clarity to forecast taxes with confidence, and why separating your tax savings from your regular business savings helps protect your cash flow all year long.
If you’ve ever wished you had real-world financial guidance and smarter business strategies, this show is for you.
1:52 Why quarterly estimated taxes prevent year-end panic
3:32 Using monthly bookkeeping to estimate your tax bill
4:43 How much of your profit to save for taxes
10:11 Why proactive tax planning starts mid-year
12:12 The truth about big tax bills and what they really mean
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Resources & Links From This Episode
📘 Profit Pillars Book → https://evolvedfinance.com/book
💼 Learn more about Evolved Finance → https://evolvedfinance.com/services
📚 Finance Tools & Courses → https://evolvedfinance.com/learn
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About the Show
The Profit Pillars Show by Evolved Finance gives entrepreneurs the guidance and clarity they wish they had sooner. Each episode delivers actionable advice based on Parker’s years of experience helping business owners grow stronger, more profitable businesses.
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📸 Instagram → https://www.instagram.com/evolvedfinance/
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